Currencies

India stock benchmarks inch higher led by IT after Fed rate cut

India's equity benchmarks inched higher on Thursday after three sessions of losses, led by gains in information technology stocks after the U.S. Federal Reserve's 25-basis-point rate cut. ...

US rate futures raise rate-pause odds in January; still see two cuts in 2026

Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, raised the odds on Wednesday that the Federal Reserve will pause its easing cycle at the next...

Fed's Powell says rate policy well positioned, future of policy not on pre-set course

Federal Reserve Chairman Jerome Powell said U.S. central bank interest rate policy is well positioned to respond to what lies ahead for the economy, declining to provide guidance whether another...

Wall Street subdued at open ahead of Fed interest rate verdict

Wall Street's main stock indexes opened little changed on Wednesday, ahead of a Federal Reserve monetary policy decision that is widely expected to deliver an interest rate cut, while investors remain...

US labor cost growth slows in third quarter as labor market conditions soften

U.S. labor costs increased slightly less than expected in the third quarter as a softening labor market curbed wage growth, which bodes well for the inflation outlook. The report from...

US home price rises to stay modest as mortgage rates stick

U.S. home prices will rise just 1.4% in 2026 after a similar performance this year, a Reuters poll of property experts showed on Wednesday, the slowest annual pace in 14 years despite expectations for...

Bank of Canada to keep rates steady at 2.25% after robust economic data bolsters bets for a long hold

The Bank of Canada is almost certain to hold its interest rate at 2.25% on Wednesday after signaling in October that its key policy rate was at the right level and following a slew of upbeat data on...

Fed may not give Trump his rate cuts, but has set out a positive view of the 2026 economy

The U.S. Federal Reserve may not give President Donald Trump all the rate cuts he wants, but the view of the economy policymakers included in new economic projections on Wednesday should buoy the...

Wall St subdued at open as Fed rate cut decision nears

Wall Street's main stock indexes were subdued at the open on Tuesday as investors awaited the Federal Reserve's policy decision, while Nvidia shares were whipsawed by contrasting news around exports...

US bank floats plan to repay US investors via Lukoil asset sale, sources say

U.S. investment bank Xtellus Partners has proposed to the U.S. Treasury that proceeds from the sale of Lukoil's foreign assets be used to repay American investors who lost money when Russia's war in ...

BOJ Governor Ueda says rises in long-term interest rates 'somewhat rapid'

The Bank of Japan plans to ramp up government bond buying if long-term interest rates rise sharply, Governor Kazuo Ueda said on Tuesday, noting that the recent rate rises had been somewhat rapid. ...

Defense bill would require US military to end reliance on Chinese display tech by 2030

The final text of a U.S. military spending bill released on Monday would require the Pentagon to end its reliance on China and other countries for electronic display technology by 2030. ...

US households' personal finance worries grew in November, New York Fed says

U.S. households grew more downbeat on their current and future financial situations in November, even as their expectations for the future trajectory of inflation held steady, a New York Federal...

U.S. stocks open higher as investors await Fed rate cut decision

Wall Street's main indexes opened modestly higher on Monday as investors priced in expectations that the Federal Reserve will deliver a long-awaited rate cut later this week in a meeting that is...

ECB's Rehn sees downside risks to inflation, urges action on Ukraine funding

Inflation in the euro zone faces downside risks in the medium term, even as price growth has returned to the ECB's 2% target, European Central Bank policymaker Olli Rehn said, according to a report in...

US regulators relax leveraged-lending guidance for banks

The U.S. Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation said on Friday they are withdrawing their guidance on leveraged lending issued more than a decade ago,...

US consumer spending slows in September as high prices curb demand

U.S. consumer spending increased moderately in September after three straight months of solid gains, suggesting a loss of momentum in the economy at the end of the third quarter as a lackluster labor...

Wall St subdued at open as investors await key inflation report

Wall Street's main indexes had a subdued open on Friday as investors avoided large bets and awaited a long-delayed key inflation report that could shape the Federal Reserve's policy path. ...

Canada's unemployment rate shrinks to lowest in 16 months as part-time jobs increase

Canada's unemployment rate once again defied expectations and fell to a 16-month low in November as a solid gain in part-time jobs boosted the number of people employed for the third time in a row,...